AWS (AMZN) CEO says very bullish on demand with tens of thousands of customers growing very fast; USD 200bln in capex will prove to be a great investment

• Regardless of how software plays out, customers will need more compute from AWS
• Much of fear about software is overblown, but there will be huge disruption; Systems of records have the inside track but will have to adjust to be long term winners
• Half of usage of Bedrock is driven by our own Trainium chips
• Mix in chips from Intel, AMD and Nvidia with our own proprietary chips which helps us grow faster

The comments from Amazon's AWS CEO highlight a strong outlook for demand, indicating that the significant capital expenditures are expected to yield substantial long-term benefits. This bullish stance suggests resilience despite potential software disruptions, and underscores AWS's strategic advantage through its own cloud technologies and chip development, offering a positive read for Amazon's market position. Watch for potential upward revisions in guidance or sentiment towards tech stocks as the market digests this optimistic outlook.